Friday, October 10, 2008

Libya blocks Swiss oil deliveries


Libya has stopped oil shipments to Switzerland months after the brief arrest of Muammar Gaddafi's youngest son for assault sparked a row.

Issam Zanati, chief executive of Libyan oil firm Tamoil, said the decision had been taken "in light of recent media reports", without giving details.

Tamoil says it supplies 20% of the Swiss fuel market and has more 300 petrol stations in the country.

Charges against Hannibal Gaddafi and his wife were later dropped.

They had been accused of hitting two of their staff.

The BBC's Rana Jawad in Tripoli says the embargo is in retaliation for Switzerland's failure to meet Libyan demands that it apologise for the earlier incident.

Libya had previously threatened to halt shipments when Hannibal Gaddafi was first arrested.

He and his wife were released on bail three days later and Libya did not follow through on the threat.

The two servants dropped all charges after receiving undisclosed compensation.

Swiss authorities made no immediate comment on the latest development.

Speaking to Reuters news agency by telephone, Tamoil's Issam Zanati said that deliveries of Libyan crude oil to Tamoil refineries in Italy and Germany would not be affected.

No comments:

Economy at the time of COVID

The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries im...